29 Jan 2022

ANZ report outlines economic outlook for Tonga

From , 6:00 am on 29 January 2022

ANZ bank has released a report which highlights the tough economic impact on the Kingdom from the volcanic eruption.

The Pacific Insight report estimates Tonga's GDP will fall by 7.4-percent in the 2021-2022 financial year due to disruptions in production caused by the tsunami.

Research author and ANZ economist Kishti Sen says the tsunami and pandemic impacts will hit the Kingdom hard he spoke with Eleisha Foon.

ANZ bank logo.

Photo: RNZ